Range Hood Market Size By Product (Under Cabinet, Wall Mount, Ceiling Mount), By Application (Residential, Commercial), By Distribution Channel (Direct Selling, E-commerce, Others), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Nov 2019  |  Report ID: GMI4421  |  Authors: Ankita Bhutani, Prasenjit Saha

Report Format: PDF   |   Pages: 250   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

 Range Hood Market size surpassed USD 7 billion in 2018 and is poised to grow at a CAGR of over 4% between 2019 and 2026. The global industry shipments are projected to reach 8 million units by 2026.
 

The increasing demand for advanced kitchen cleaning appliances due to rising consumer disposable income is driving the market growth. The demand for energy-efficient and technologically advanced range hood systems is primarily increasing in modular kitchens. Customers are shifting their preferences toward the construction of modular kitchens due to efficient storage capabilities and convenience, providing lucrative opportunities for industry size.
 

Companies are offering highly customized products with consumer-specific requirements to gain a competitive edge in the industry. Moreover, market players are investing heftily in the development of new products with advanced features, such as Wi-Fi/Bluetooth connectivity and LED lighting, to enhance user experience.
 

Range Hood Market

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The growing consumer awareness of healthy cooking environment and appropriate ventilation in both residential & commercial kitchens are supporting the range hood market demand. These products offer several benefits including bacteria removal, low noise, and enhancement of kitchen aesthetics. A major factor impacting the demand is the availability of several other low-cost exhaust systems, specifically for residential applications.
 

Window fans are primarily gaining popularity in residential applications due to their low cost and the ability to effectively draw smells, steam, and smoke out of the kitchen posing industry challenges. Additionally, exhaust fans are quieter than range hood systems, thus increasingly used in households. These systems consume less electricity and require less maintenance compared to range hood systems.
 

Range Hood Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 7 Billion (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 4% 2026 Value Projection: 10 Billion (USD)
Pages: 250 Tables, Charts & Figures: 337
Geographies covered (16): U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa
Segments covered: Product, Application, Distribution Channel
Companies covered (18): Asko Appliances, Broan, Inc., BSH Group, CaptiveAire Systems, Elica S.p.A., Faber S.p.A, Falmec S.p.A., Fotile Overseas Kitchen Appliance, KOBE Range Hoods, Miele, Inc., Pacific, Panasonic Corporation, Samsung Electronics, Vent-A-Hood, Viking Range, LLC, Whirlpool Corporation, Windster Hoods, Zephyr Ventilation
Growth Drivers:
  • Increasing numbers of quick service restaurants & food joints across the globe
  • Rising consumer disposable income in the U.S. is supporting the adoption of range hoods in residential applications
  • Implementation of stringent government food safety & hygiene regulations in North America & Europe
  • The growing demand for range hoods in modular kitchens in Latin America and Europe
  • Increasing consumer awareness and product popularity in Asian countries
  • Rapid development of residential infrastructure in China, Japan, and Australia
  • Proliferation of the South African kitchen appliances industry
Pitfalls & Challenges:
  • High initial costs required for advanced kitchen hoods
  • Limited consumer awareness in small countries
  • Availability of low-cost exhaust systems

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Wall-mount hood exhibit high demand from residential applications

APAC Range Hood Market

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The wall-mount hood segment is set to witness 4% growth till 2026. These systems are increasingly installed in residential and commercial kitchens due to their ability to clean lingering smell of smoke in the kitchen. They are large and are primarily installed over the cooking range instead of cabinets, making them ideal for kitchens with no cabinets over the range.
 

Market leaders are manufacturing wall-mount systems in various shapes & sizes to offer efficient performance to customers. Additionally, the availability of various models with multiple advanced features, such as Bluetooth and Wi-Fi connectivity, is supporting the industry updates and adoption of these systems in residential applications.
 

Growing usage in restaurants, hotels, and cafes to drive the range hood market share

Commercial applications in the market are expected to grow rapidly through 2026. The growth is attributed to transformation of commercial kitchens and designs that integrate small & compact ventilation & exhaust systems including hoods to gain maximum space utilization. To cater the changing commercial consumer demands and support installation in modern & smart kitchens, manufacturers in these markets are developing new products for commercial use.
 

With the installation of range hood, commercial kitchens gain appropriate ventilation by reducing the issue of excessive heating & cooling and smoke released in kitchens. Increased utilization of smart hoods in commercial kitchens offers low energy consumption and low-cost benefits by automatically working when needed. These range hood systems can automatically adjust themselves when heat and emissions increase, resulting in a better kitchen environment.
 

Online sales channel has gained popularity globally

The range hood industry is segmented on to online distribution & sales channels which are growing due to increasing popularity of e-commerce sales and the provision of products through company websites. Manufacturers also sell their products at huge discounts & offers, resulting in maximum customer purchases.
 

Manufacturers and e-commerce companies also provide range hood installation & maintenance services to consumers, which aid in gaining high popularity. Consumers are moving toward online purchase options due to high discounts and easy availability across all regions. Additionally, the growing collaborations of manufacturers with e-commerce players are increasing sales, resulting in the market growth.
 

North America poses a high demand for range hood

North America Range Hood Market

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The North America range hood market, led by the U.S. is predicted to expand at an exponential rate during the forecast period owing to availability of a variety of range hood options for different kitchen setups. The manufacturers in North America are providing various product ranges & colors to coordinate with modern kitchen interiors and residential or commercial settings. Such product innovations and technical advancements in new range hood systems are leading to a high demand in the U.S. and Canada.
 

Furthermore, the presence of numerous equipment manufacturing and component usage standards & regulations in both countries is highly impacting production processes boosting the market value. Rising consumer awareness of the usage of low energy consumption and environment-friendly kitchen equipment is supporting the development of Energy Star certified/compliant range hood and changing the market outlook.
 

New product designs and launches are the major strategies

Prominent players operating in the market include Panasonic Corporation, Zephyr Ventilation, Samsung Electronics Co., Ltd., Whirlpool Corporation, Broan, Elica S.p.A., Faber S.p.A., and Kobe Range Hood. These companies are continuously developing new products with technical advancements and designs to cater to the needs of modern kitchens.
 

Additionally, manufacturers are engaged in developing partnerships and acquiring small companies to expand their business operations and product offerings. Similarly, companies are also engaging in partnerships & collaborations with other ecosystem entities including component providers, technology providers, distribution channels, etc.
 

The market research report on range hood includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2015 to 2026 for the following segments:
 

Market by Product

  • Under cabinet
  • Wall mount
  • Ceiling mount
  • Others

Market by Application

  • Residential
  • Commercial

Market by Distribution Channel

  • Direct Selling
  • E-commerce
  • Others

The above information is provided for the following regions and countries:

  • North America 
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific 
    • China
    • India
    • Japan
    • South Korea
  • Latin America 
    • Brazil
    • Mexico
  • Middle East & Africa 
    • UAE
    • Saudi Arabia
    • South Africa 
       

Frequently Asked Questions (FAQ) :

According to this statistics report by GMI, the global industry shipments are projected to reach 8 million units by 2026.
The exponential growth of the North America market is owing to availability of a variety of range hood options for different kitchen setups.
The wall-mount hood segment in the market is set to witness 4% growth till 2026 as these systems are increasingly installed in residential and commercial kitchens due to their ability to clean lingering smell of smoke in the kitchen.
Prominent players operating in the market include Panasonic Corporation, Zephyr Ventilation, Samsung Electronics Co., Ltd., Whirlpool Corporation, Broan, Elica S.p.A., Faber S.p.A., and Kobe Range Hood.

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Premium Report Details

  • Published Date: Nov 2019
  • Pages: 250
  • Tables: 311
  • Charts / Figures: 26
  • Companies covered: 18
  • Countries covered: 16

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